term:

Renew

renew vt

1 : to make like new
: restore to freshness, vigor, or perfection
;specif
: to prevent the lapse of (a judgment) due to expiration of a statute of limitations
2 : to do or state again [ed his objection to the evidence]
3 : to grant or obtain again or as an extension [ a lease]
vi
1 : to become new or as new
2 : to make a renewal (as of a contract)
re·new·abil·i·ty [-nü-ə-bi-lə-tē, -nyü-]
n

re·new·able [-nü-ə-bəl, -nyü-]
adj

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.